Asian stocks gain despite rising numbers of Chinese COVID cases

SYDNEY, Nov 23 (Reuters) – Asian stock markets were mostly upbeat on Wednesday, despite mounting cases of COVID-19 in mainland China, leaving investors unsure about the extent to which the new outbreaks will affect the reopening of the second-largest economy in the world could slow down. MSCI’s broadest index of Asia-Pacific equities outside Japan (.MIAPJ0000PUS) … Read more

Europe hardest hit by global slowdown -OECD

Global growth to fall from 3.1% in 2022 to 2.2% in 2023 National outlooks vary widely, with the UK lagging behind other economies Central banks urged interest rates to keep raising rates PARIS, Nov. 22 (Reuters) – The global economy should avoid recession next year, but the worst energy crisis since the 1970s will trigger … Read more

Ukrainians brace for a harsh winter as Russian attacks cripple power capacity

Ukrainians with little or no heating after bombing Temperatures in several areas already below freezing Residents of Kherson receive offers to evacuate to safer regions Ukraine’s security services raid the famous Kiev monastery KYIV, Nov 22 (Reuters) – President Volodymyr Zelenskiy appealed to Ukrainians to conserve energy amid brutal Russian strikes that have cut the … Read more

France’s Macron accuses Russia of ‘predatory’ influence in Africa

PARIS, Nov. 20 (Reuters) – President Emmanuel Macron accused Russia of running anti-French propaganda in Africa to serve “predatory” ambitions in troubled African countries, where France has suffered military setbacks in recent years and a greater loss of influence past. Speaking on the sidelines of a summit of francophone countries in Tunisia, Macron was asked … Read more

German house prices fall 3.5% next year as buyers feel the pressure – Reuters poll

LONDON, Nov 21 (Reuters) – German house prices are set to fall 3.5% next year as the cost of living and rising borrowing costs hit consumers, but the likelihood of an outright crash is slim, according to a Reuters poll of property market experts . Harmonized consumer price inflation in Europe’s largest economy hit 11.6% … Read more

‘Playing with fire’: UN warns as a team to inspect damage to Ukrainian nuclear power plant

IAEA chief warns: ‘You are playing with fire!’ after explosions Russia, Ukraine trade debt for shelling President Zelensky says the eastern region has been hit by heavy artillery ‘Fierce battles’ in the Donetsk region, says Zelensky LONDON/LVIV, Ukraine, Nov 21 (Reuters) – The head of the UN’s nuclear watchdog has warned that whoever fired artillery … Read more

Morning offer: Bulls take cover

A look at Anshuman Daga’s European and global markets ahead of the day ahead: Enthusiasm over recent moves by Chinese authorities to revise the country’s zero-COVID policy is giving way to renewed caution as Beijing’s number of COVID cases rose, causing stocks and currencies to become risk averse, while oil prices reached its lowest point … Read more

Europe is rushing to fill up on Russian diesel before the ban kicks in

LONDON, Nov. 21 (Reuters) – European traders are scrambling to fill tanks in the region with Russian diesel before an EU ban takes effect in February as alternative sources remain limited. On February 5, the European Union will ban the import of Russian oil products, on which it heavily depends for its diesel. That follows … Read more

Ukraine says Russians are pounding frontline positions with artillery

LVIV, Ukraine, Nov 20 (Reuters) – Russian forces pounded Ukrainian positions with artillery fire and launched nearly 400 attacks in the eastern region alone on Sunday, President Volodymyr Zelenskiy said in a video address. Russia withdrew its troops from the southern city of Kherson this month and moved some of them to reinforce positions in … Read more

Kazakh leader heading for major election victory, exit polls show

ALMATY, Nov 20 (Reuters) – Kazakh President Kassym-Jomart Tokayev was on course for a landslide victory in a snap election on Sunday, according to exit polls, tightening his grip on power less than a year after his long-ruling predecessor Nursultan sidelined Nazarbayev. The former diplomat, who came to power in 2019 as Nazarbayev’s hand-picked successor … Read more